Create a VAT adjustment document

  1. Go to the VAT adjustments (TX301000) window.
  2. In the Type field, select the type of the document that you want to create:
    • Adjust output: Select this type of the document if you need to adjust the VAT amount and the taxable amount of the VAT with the output reporting group specified.
    • Adjust input: Select this type of the document if you need to adjust the VAT amount and the taxable amount of the VAT of the input reporting group specified.
  3. In the Tax agency field, select the tax agency which VAT report you need to update.
  4. In the reporting period field, select the reporting period for which you are adjusting the VAT report.
    By default, the only periods available are those for which the VAT reports in the system are prepared (that is, they have the Prepared status).
  5. In the Description field, enter a clear description of the document that is being prepared.
  6. On the Document details tab, click Add row.
  7. In the VAT ID column, select the required VAT. The system automatically enters the VAT rate, account and subaccount (if any) based on it.
    You can edit these settings manually, if needed.
  8. In the Taxable amount column, enter the amount by which the taxable amount (of the specified VAT) should be adjusted in the VAT report.
    Enter either a positive value to increase the taxable amount in the VAT report, or a negative value to reduce the taxable amount in the VAT report.
  9. Optional: In the VAT amount column, you can manually edit the VAT amount calculated by the system.
  10. In the VAT zone field, select the appropriate VAT zone.
  11. In the top part, in the Amount field, enter the control VAT amount, which should be equal to the amount specified in the VAT amount column.
  12. Clear the Hold check box. The status should change to Balanced.
  13. Click in the window toolbar. The document is saved and you can see its number in the Ref. no. field.
  14. Click Release in the window toolbar. The document is released. On the Financial details tab, you can find the batch number of the released document.
    You can click the number and see the details of the document.

As a result of these steps, the values (the VAT amount and taxable amount of the corresponding VAT) are adjusted in the VAT report for the specified reporting period in the Process VAT report (TX502000) window.